Post by
MetalsGuy on Feb 12, 2016 12:51pm
Why I am pi$$ed!
I'm OK with making an investment and taking my chances, but what I'm not OK with is feeling like I've been shafted.
Alan and Anthony would both have known of the good 144 Gap Deposit results, and yet chose to sign the deal without first publishing these results. This is at the very least feels very suspicious to me.
And why the denial that any deal was happening, when LSG trading was stopped? Again, very suspicious.
Knowing that the shareholders have a vote, why would they agree to a C$37.8 million termination fee? I am not sure, but is this fee payable if we vote against this deal? Again why agree to it if the deal may be voted down by shareholders? Maybe as a reason to motivate the shareholders to vote for the deal? I don't know.
I called LSG to get some answers, but they are in meetings. I wonder why? I left a message; let's see if they call back.
Lots of questions to be answered before I agree to vote for this deal.
At this point, as there are a lot of unanswered questions. and I don't want my money tied up like this, I regretfully have sold about half of my shares, as they represented a large portion of my portfolio.
Comment by
MetalsGuy on Feb 12, 2016 12:57pm
Sorry eagle55, just noticed that you just said some of the same things. Looks like a lot of us are on the same page.